Nvidia's stock has surged, demand for chips remains strong, major tech CEOs securing quantities

From Nasdaq: 2024-12-19 09:30:00

Nvidia’s stock has surged 170% in 2024, following a 240% rise in 2023, totaling over 900% since 2022. Demand for its chips remains strong, with a new Blackwell chip in high demand. Major tech CEOs, like Elon Musk, are seeking to secure large quantities for data centers.

Nvidia’s biggest customers, including Meta and Alphabet, plan to maintain heavy capital expenditures for data centers. Investors have a second chance with potential “Double Down” stock recommendations for companies on the verge of growth. Past “Double Down” investments have yielded impressive returns for Nvidia, Apple, and Netflix.



Read more at Nasdaq: Think It’s Too Late to Buy Nvidia? Here’s the Biggest Reason There’s Still Time.